Recommendation

Want to access this article for free?

Southcorp - $5.40: After being unable to replace a big supply contract that it lost with Home Depot in June last year, the company has been forced to shut one of its two water heater plants in the US. The estimated costs of the closure will be in the order of $5m - made up primarily from redundancy payments. Much of this cost will be offset by the sale of land, buildings and remaining stock. Since our last brief review on September 25 (Hold - $4.60), its share price...

InvestSMART Publishing Pty Ltd holds Australian Financial Securities Licence (AFSL) 282288.
The content of this website is general in nature and does not take the personal situation of any user of this website into consideration.
A user of this website should seek financial advice specific to that user’s situation before making any financial decision.
Past performance of any security or financial product is not a reliable indicator of future performance. InvestSMART Publishing Pty Ltd
encourages users of this website to view investing as a long-term pursuit.